Muzali Arts Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 0.875 million compared to INR 35.11 million a year ago. Net loss was INR 10.75 million compared to INR 13.39 million a year ago. Basic loss per share from continuing operations was INR 0.2 compared to INR 0.27 a year ago. Diluted loss per share from continuing operations was INR 0.2.
For the nine months, sales was INR 24.28 million compared to INR 121.99 million a year ago. Revenue was INR 27.29 million compared to INR 141.03 million a year ago. Net loss was INR 39.25 million compared to net income of INR 2.19 million a year ago. Basic loss per share from continuing operations was INR 0.74 compared to basic earnings per share from continuing operations of INR 0.04 a year ago. Diluted loss per share from continuing operations was INR 0.74 compared to diluted earnings per share from continuing operations of INR 0.04 a year ago.